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Exchange Rate News: Muted trading ahead of the New Year

Published: 30 Dec at 10 AM Tags: Euro, Dollar, Pound Sterling, America, UK, Eurozone, Australian Dollar, New Zealand Dollar, Canadian Dollar, Australia, New Zealand, USA, Canada, Japan, South Africa, Turkey,

Pound Sterling

GBP/USD– Trading in the Region of 1.6477

The Pound pushed beyond the 1.20 mark against the Euro after data showed that UK house prices rose for an 11th consecutive month in December.

US Dollar

USD/GBP – Trading in the Region of 0.6068

The US Dollar touched a five-year high against the Japanese Yen as optimism rises that the US Federal Reserve will end its monetary easing programme by the end of 2014.

Euro

EUR/USD – Trading in the Region of 1.3744

The Euro is weaker against the Pound but little moved against other peers in muted trading. The currency found support from data released early in the session which showed that retail sales in Spain improved by 1.9% on a yearly basis, smashing forecasts of a figure of -1.57%.

Australian Dollar

AUD/USD – Trading in the Region of 0.8854

The ‘Aussie’ fell against its peers as iron ore production was hit as mining in the northwest of the country shutdown ahead of the arrival of Tropical Cyclone Christine.

New Zealand Dollar

NZD/USD – Trading in the Region of 0.8161

The ‘Kiwi’ is mixed against its peers as it suffers from a lack of new data releases over the Christmas holidays and the muted trading in the markets.
Canadian Dollar

CAD/USD – Trading in the Region of 0.9336

The Canadian Dollar is little moved against its peers due to the lack of trading in the Christmas holiday season.

Japanese Yen

USD/JPY – Trading in the Region of 105.2886

The Yen tumbled against the US Dollar and has weakened significantly against other peers such as the South Korean Won. The Yen fell below 1,000 won per 100 yen during Monday’s trading session for the first time in nearly five years.

South African Rand

USD/ZAR – Trading in the Region of 10.5412

The Rand remains under pressure against its peers as political turmoil in Turkey continues to dampen demand for high-yielding riskier market assets. The Rand has recorded the second biggest fall against the US Dollar this year.


As of Monday, 30th December 2013, the Pound Sterling currency rates mentioned within this news item were as follows:

GBP EUR exchange rate was 1.1942, GBP USD exchange rate was 1.649, GBP AUD exchange rate was 1.8485, GBP NZD exchange rate was 2.007, GBP CAD exchange rate was 1.7554, GBP JPY exchange rate was 173.046, and GBP ZAR exchange rate was 17.1958.
Laura Parsons About Author: (357 Posts)Laura works in the financial sector as a currency analyst, studying the latest global economic developments and assessing their impact on the foreign exchange market. Laura uses her currency knowledge to write articles focussing on market movements and trends for several independent financial websites.

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